Your company manufactures wine goblets in the U.S. In mid-June you receive an order for 20,000 goblets from Japan. Payment of ¥800,000 is due in mid-December. You expect the yen to rise from its present rate of $1=¥125 to $1=¥100 by December. You can borrow yen at 5% per year. What should you do?
Sample Solution